By Kenneth Jukpor
The NIMASA members of staff pleaded passionately saying, “Oga, you have come too far to leave us now. Even if you are dissatisfied with the way things have played out today, we can work to correct things. Please stay back so that it won’t be on your record that you walked away. Please sir!
Speaking with journalists at the event, the Minister said this would be the first time the CVFF would be applied to the ship owners.
“In the past, the money was applied to building a Maritime University and faculties of maritime in other universities across the country. This would be the first time the money is applied to ship owners directly”
Meanwhile, the Chairperson, Nigerian Ship-owners Forum and Board of Trustee (BoT) member, MMS Woman of Fortune Hall of Fame (WoFHoF) Initiative, Barr. (Mrs.) Margaret Orakwusi, observed that ship-owners from other countries have access to funding at 2% interest rate, she admonished that CVFF be disbursed to enable Nigerian ship-owners compete favourably with their contemporaries.
She canvassed for a long spread of the interest rate on CVFF, noting that ships last for thirty years and more.